Alexi Co. issued $75 million face amount of 6%, 10-year bonds on June 1, 2019. The bonds pay interest on an annual basis on May 31 each year. b-2. Independent of your answer to part a, assume that the proceeds were $74,580,000. Record the journal entry to show the effect of issuing the bonds. (Enter your answer in whole dollar, not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of bond. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal